RSI by zdmre

RMA

Cryptocurrency

Created: 2022-05-13 16:34:43

Last modified: 4 years ago

Copy: 8

ChaoZhang

1789

Followers

Traditional interpretations and usage of the RSI dictate that values of 70 or above suggest that a security becomes overbought or overvalued and may be primed for a trend reversal or corrective price pullback. An RSI reading of 30 or below indicates an oversold or undervalued condition.

30 = Oversold
70 = Overbought

Thanks @DieGobelMonte for your suggestion.

backtest

Source

Pine

/*backtest
start: 2022-04-12 00:00:00
end: 2022-05-11 23:59:00
period: 5m
basePeriod: 1m
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © zdmre

//@version=5

Strategy parameters

Related strategies

Sequential Triple Cross: 2/3 Entry + 3/3 Add Position

RSI-ADX Bidirectional Momentum Filtering Trading Strategy

Adaptive Multi-State Moving Average Crossover Strategy: Intelligent Market State Recognition and Parameter Optimization

Volatility Momentum and Volume-Weighted Trend Crossover Strategy

High-Precision ATR Trailing Stop Breakout Strategy with ADX Directional Filtering System

Multi-Filter RSI Momentum Confirmation Trading Strategy

Dynamic Threshold Triple Running Moving Average Trend Trading Strategy

Triple EMA and Triple RMA Adaptive Channel Crossover Strategy

Multi-Indicator Adaptive Momentum Crossover Trading System

Multi-Technical Indicator Gold Real-Time Movement Detection and Risk Management Strategy